U.S. mortgage applications fell slightly last week, led by a decline in home refinancing loans as interest rates hit their highest in four years. seasonally adjusted index of mortgage application activity for the week ended June 16 decreased 0.8 percent to 567.6 from the previous week's 571.9.Borrowing costs on 30-year fixed-rate mortgages, excluding fees, averaged 6.73 percent, up 0.12 percentage point from the previous week, its highest level since May 10, 2002 when it reached 6.76 percent. For more info visit
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